Credit Tips

Many people, like landlords, employers, and loan officers, look at your credit report. That's why having poor credit could make things like renting or buying a home, getting a job, or receiving reasonable interest rates on loans more difficult or expensive.

It can initially seem tricky to build good credit but believe us; you can do it. Check out these tips to better understand, handle, and improve your credit.

• Always pay every bill on time, even if it's only the minimum due.
• Keep your credit balance at or below 35% of your total limit.
• Various credit types are essential to build good credit, including credit cards and different loans, such as installment loans in auto, student, and mortgage loans.
• When you apply for new credit, do so in moderation.
• Before closing an account, make sure to pay off its balance completely.
• To help with credit history length, you could keep old credit accounts open.
• Throughout the year, frequently review your credit reports to ensure they are accurate. Learn how to order and review them in "Viewing Credit Reports."
• Check out our Armed Forces Bank Credit Builder card to see how we can help you improve your credit score. Subject to credit approval.